Taboola.com Ltd. (NASDAQ:TBLA) Given Consensus Rating of "Moderate Buy" by Analysts

Key Points

• Taboola.com Ltd. has received a consensus recommendation of "Moderate Buy" from analysts, with two hold ratings and four buy ratings among the six firms covering the stock.
• The average price target set by brokerages for Taboola.com over the next year stands at $4.50, although some analysts have adjusted their targets recently, with Benchmark lowering it to $4.00 and B. Riley raising it to $4.50.
• Institutional ownership of Taboola.com is notable, with institutions holding 42.89% of the company's stock, reflecting a range of investment interests from various firms.

Shares of Taboola.com Ltd. (NASDAQ:TBLA - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the six ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $4.50.

A number of research analysts have recently weighed in on the company. Benchmark lowered their price objective on Taboola.com from $4.50 to $4.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. B. Riley lifted their price objective on Taboola.com from $4.00 to $4.50 and gave the company a "buy" rating in a research report on Thursday, August 7th. Finally, Needham & Company LLC lifted their price objective on Taboola.com from $3.34 to $4.50 and gave the company a "buy" rating in a research report on Tuesday, June 17th.

Taboola.com Stock Down 0.9%

TBLA stock opened at $3.24 on Thursday. Taboola.com has a twelve month low of $2.50 and a twelve month high of $4.30. The company has a quick ratio of 1.07, a current ratio of 1.08 and a debt-to-equity ratio of 0.10. The stock has a market cap of $857.63 million, a P/E ratio of 81.00 and a beta of 1.27. The business's 50-day moving average price is $3.47 and its 200-day moving average price is $3.31.

Insider Buying and Selling at Taboola.com

In other news, COO Eldad Maniv sold 20,083 shares of Taboola.com stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $3.75, for a total transaction of $75,311.25. Following the transaction, the chief operating officer directly owned 10,872,377 shares of the company's stock, valued at $40,771,413.75. The trade was a 0.18% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 24.70% of the stock is currently owned by insiders.

Institutional Trading of Taboola.com

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Millennium Management LLC raised its stake in Taboola.com by 42.9% during the 4th quarter. Millennium Management LLC now owns 2,217,442 shares of the company's stock valued at $8,094,000 after purchasing an additional 665,944 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in Taboola.com by 16.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 41,300 shares of the company's stock valued at $122,000 after purchasing an additional 5,829 shares during the period. D. E. Shaw & Co. Inc. bought a new stake in Taboola.com during the 4th quarter valued at approximately $785,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Taboola.com by 37.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 373,075 shares of the company's stock valued at $1,362,000 after purchasing an additional 101,677 shares during the period. Finally, Geode Capital Management LLC raised its stake in Taboola.com by 20.1% during the 4th quarter. Geode Capital Management LLC now owns 288,168 shares of the company's stock valued at $1,052,000 after purchasing an additional 48,188 shares during the period. Institutional investors own 42.89% of the company's stock.

About Taboola.com

Taboola.com Ltd., together with its subsidiaries, operates an artificial intelligence-based algorithmic engine platform in Israel, the United States, the United Kingdom, Germany, and internationally. It offers Taboola, a platform that partners with websites, devices, and mobile apps to recommend editorial content and advertisements on the open web to users.

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